Today we will analyze the stock THE SWATCH GRP (UHR.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in THE SWATCH GRP (UHR.SG)
1- Last bullish trend was from 335.15 $ (4/23/2012) to 354.03 $ (5/3/2012) a 18.88 $ move 2- The current bearish trend started from 354.03 $ at 5/3/2012 and is currently trading at 346.32 $.
3- UHR.SG current support level is at 344.59 which is the 50.00 % fibonacci retracement of the last 18.88 $ move.
4- UHR.SG current resistance level is at 346.82 which is the 38.20 % fibonacci retracement of the last 18.88 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
THE SWATCH GRP (UHR.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 354.030 .
THE SWATCH GRP (UHR.SG) Mid term stock chart patterns for internet stock trading :

None.
THE SWATCH GRP (UHR.SG) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 291.130 and 317.050 that was broken up at 280.000 transforming into a supporting line.

Stock Trading Conclusion:
THE SWATCH GRP (UHR.SG) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 346.82, 348.14, 349.27, 349.57, 350.17, 351.08, 354.03, 354.09.
Stock Support levels : 344.59, 342.36, 335.15, 330.01, 323.48,.